REDIJAN NEW: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
REDIJAN NEW
Largest movements
- Stocks and contracts -€32,201
down €32,201 (-9.7%), from €333,199 to €300,997
- Receivables within one year +€28,655
up €28,655 (+118%), from €24,183 to €52,838
of which Trade receivables: +€19,401
- Cash -€25,488
down €25,488 (-77.7%), from €32,811 to €7,324
mainly Debts after one year (-€72,500) and Short-term financial debts (-€30,000)
- Tangible fixed assets -€13,777
down €13,777 (-53.7%), from €25,642 to €11,864
of which Plant, machinery and equipment: -€13,399
- Debts after one year -€72,500
down €72,500 (-40.1%), from €180,900 to €108,400
- Other debts +€47,750
new in 2025: €47,750
- Short-term financial debts -€30,000
down €30,000 (-30.0%), from €100,000 to €70,000
- Reserves +€19,063
up €19,063 (+166%), from €11,468 to €30,531
- Trade debts -€8,131
down €8,131 (-18.0%), from €45,288 to €37,157
- Gross operating margin -€25,352
down €25,352 (-33.2%), from €76,310 to €50,958
- Financial charges -€4,049
down €4,049 (-24.4%), from €16,586 to €12,538
- Taxes +€2,617
new in 2025: €2,617
- Depreciation -€1,297
down €1,297 (-8.6%), from €15,074 to €13,777
- Financial income -€901
down €901 (-61.9%), from €1,455 to €554
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €417,256 | €373,055 | -€44,201 | -10.6% |
| Fixed assets | 21/28 | €25,642 | €11,864 | -€13,777 | -53.7% |
| Tangible fixed assets | 22/27 | €25,642 | €11,864 | -€13,777 | -53.7% |
| Plant, machinery and equipment | 23 | €25,224 | €11,825 | -€13,399 | -53.1% |
| Furniture and vehicles | 24 | €93 | - | -€93 | |
| Other tangible fixed assets | 26 | €325 | €39 | -€285 | -88.0% |
| Current assets | 29/58 | €391,614 | €361,191 | -€30,424 | -7.8% |
| Stocks and contracts in progress | 3 | €333,199 | €300,997 | -€32,201 | -9.7% |
| Stocks | 30/36 | €333,199 | €300,997 | -€32,201 | -9.7% |
| Amounts receivable within one year | 40/41 | €24,183 | €52,838 | +€28,655 | +118% |
| Trade receivables | 40 | €18,507 | €37,908 | +€19,401 | +105% |
| Other amounts receivable | 41 | €5,677 | €14,930 | +€9,254 | +163% |
| Cash at bank and in hand | 54/58 | €32,811 | €7,324 | -€25,488 | -77.7% |
| Deferred charges and accrued income | 490/1 | €1,421 | €31 | -€1,389 | -97.8% |
| Total equity and liabilities | 10/49 | €417,256 | €373,055 | -€44,201 | -10.6% |
| Equity | 10/15 | €90,068 | €109,131 | +€19,063 | +21.2% |
| Contributions | 10/11 | €78,600 | €78,600 | = | 0.0% |
| Reserves | 13 | €11,468 | €30,531 | +€19,063 | +166% |
| Distributable reserves | 133 | €11,468 | €30,531 | +€19,063 | +166% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €327,188 | €263,924 | -€63,264 | -19.3% |
| Amounts payable after more than one year | 17 | €180,900 | €108,400 | -€72,500 | -40.1% |
| Other amounts payable | 178/9 | €180,900 | €108,400 | -€72,500 | -40.1% |
| Amounts payable within one year | 42/48 | €145,288 | €155,524 | +€10,236 | +7.0% |
| Financial debts | 43 | €100,000 | €70,000 | -€30,000 | -30.0% |
| Credit institutions | 430/8 | €100,000 | €70,000 | -€30,000 | -30.0% |
| Trade debts | 44 | €45,288 | €37,157 | -€8,131 | -18.0% |
| Suppliers | 440/4 | €45,288 | €37,157 | -€8,131 | -18.0% |
| Taxes, remuneration and social security | 45 | - | €617 | +€617 | |
| Taxes | 450/3 | - | €617 | +€617 | |
| Other amounts payable | 47/48 | - | €47,750 | +€47,750 | |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,074 | €13,777 | -€1,297 | -8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,347 | €3,516 | +€169 | +5.1% |
| Gross operating margin | 9900 | €76,310 | €50,958 | -€25,352 | -33.2% |
| Operating profit (loss) | 9901 | €57,888 | €33,664 | -€24,224 | -41.8% |
| Financial income | 75/76B | €1,455 | €554 | -€901 | -61.9% |
| Recurring financial income | 75 | €1,455 | €554 | -€901 | -61.9% |
| Financial charges | 65/66B | €16,586 | €12,538 | -€4,049 | -24.4% |
| Recurring financial charges | 65 | €16,586 | €12,538 | -€4,049 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €42,757 | €21,680 | -€21,077 | -49.3% |
| Income taxes | 67/77 | - | €2,617 | +€2,617 | |
| Profit (loss) for the period | 9904 | €42,757 | €19,063 | -€23,694 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,757 | €19,063 | -€23,694 | -55.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.